Voting Results and Scrutinizer Report of 65th Annual General Meeting
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Citadel Realty held its 65th AGM on September 29, 2025 (12:00 PM to 12:30 PM) via video conferencing, where all 6 resolutions were passed with overwhelming support of 99.999% (56,29,383 votes in favour versus just 59 against). Total share voting participation stood at 67.78% of outstanding shares (56,29,442 out of 83,05,000), with promoter group contributing 55,37,764 shares and voting 100% in favour. The resolutions covered adoption of audited FY25 standalone and consolidated financial statements, reappointment of Mr. Chetan Shah as director, appointment of ATMS & Co. LLP as statutory auditors, appointment of AUS & Co. as secretarial auditor for five years, and approval of a new Employee Stock Option Plan 2025 (CRDL ESOP Scheme 2025) including extension to employees of holding, associate, and subsidiary companies. Public shareholder participation was thin at only 3.3% of public non-institutional shares (91,619 votes). The scrutiniser was Mr. Amit Surase of AUS & Co., who certified the voting process as valid.
Routine governance items sailed through with near-unanimous backing, signalling no shareholder dissent. The approval of the new ESOP 2025 is the most material takeaway, as it sets the stage for future equity dilution when stock options are granted and exercised, though actual impact depends on grants and vesting that are not yet disclosed.